Question

Using data spanning 2002-2013 from the ACFE Report to the Nations on Occupational Fraud and Abuse, and made available through the Institute for Fraud Prevention (IFP), the authors examined private company FRF cases in comparison to those at public companies and found several key differences. These included the observation that a stronger antifraud environment in public companies appears to lead public company FRF perpetrators to use ____________ perhaps to make the fraud less obvious, rather than other fraud schemes such as fictitious revenues.

Answer 1

Skimming Scheme

Step-by-step explanation:

Skimming scheme is a fraudulent activity which involves taking cash from daily receipts. The total cash is reported lower and the excess of cash is withdrawn by fraudster. This fraud is difficult to catch red handed. The daily cash reporting should be segregated between two or more employees in order to control this fraud.